Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-05-20

Eastwood. Fentress, l.. u. Fuiterson. Goad,
Hay, Hoge, Holladay, Huffman, Hurt, Jonn-
son, Lawson, Leftwich, Locketi. Loving Mlller'
Noblin. Peters, Powell, Roberts. Ryan, SC bre'''
Westcott, and wilkins--3l.
Nogs.-Messrs. Acker, Black. Boiling. Bu-
cbanan. Cardwell, Carter, Chalmers, Dabnev,
Darsi, Dunlop, Dupuy: Echols, figght a. ful-
kerson, Gills, Harris, W. II. Jordan, Llghtnsr'
Hallory. McCandlish, McClintic, Martin, Ma
thews. Mauck. Munford, Oglesby, Patton. Por-
ter. Reid. Rice, Row, Ruggles, Saunders,
ecboolneld, Starke, Taliaferro, Taysnner, Ter
nv. Turner, Van Dorer, Waddill, Webb, Wise,
and Mr.. Speaker-A-
THE ENGLISH FIGURES.
Senator Stubbs, OF Gloucester, co umunl-
Gated 10 the House the passage OF th joint
resolution instrueting the debt COM nitiee
on the debt to make a fuller report.
The resolution was placed before the
House at once.
Mr.. STUART AsTONIsHED.
Mr.. Stuart (Mr. Cardwel in TIE chIir)
said the paper was calculated 10 produce
false Impression. He had read It In the
Dispatch, and could hardly believe the
statement OF the principal was not typo
graphical error. It was not typograpbi-
cal error. Since then he had seen one OF
the circulars. Such n remarkable paper
should be treated with the solemnity 1t de-
served and carefully investigated. The
only possible explanation OF 1t was that
the gentlemen had excluded from cOnsid-
Grafton all the debt which was not due to
them, but the committee bad ad0pte no
such view, but, on the contrary, were ot
opinion that The creditors not represented
by these commissioners were every whit ~
much entitled TO consideration a. they
were. He hoped the committee would
meet at once so aS TO have "A report In this
afternoon.
Mr.. Bouverie was on the floor while Mr..
stuart was speaking.
The resolution was agreed 10 and Mr..
Stuart communicated it, adoption to the
Senate.
THE FIGURES n QUESTION.
The mi.statement Is in the following
paragraph hen II states :" the principal 10
lie redeemed at Sl6,S47, 19l," whereas. ~
Mr. stuart said. il was nearer $3i i,000,00):
"n 81 ,5C0,000 overdue coupons were
DISCHARGED at 30 cents on the dollar. by
deyoting S7jO,000 Of The states assets 10
this purpose. the annual interest would be
reduced to SG72, 4Sl. and the principal ~ be
redeemed 10 SlG,Si7, l9l. The amount
saved 10 the state would tnen he: Interest,
si9j, ,53j principal, S9,200,l3O
Report Of the Legislative Commit
tee.
TIE Legislative Debt Committee met last
night and agreed upon a report, saying:
Your committee becs leave to say that, in the
discharge Of it, duty in making report 10 the
Legislature Of Virginia Of the several PROPOSE
ttons made to and by the commission repre-
senting the Council Of Foreign BOndhOders. II
repoTted the exact language and figures OF the
commission, In order that no erroneous I'M
pressiOns would be created thereby; and Il
was 10Th TO believe that the statement publish
ed in the morning papers. purportlng TO
| be the complete proposition made to the
legislative committee by the representa-
| tives Of the Council OF Foreign Bond
holders. was made or published win
| the consent or knowledge Of Sir Edward Thorn
| ton and :. n. Braithwaite, Esq, the accredited
| agents Of that body. But this committee can
no longer doubt tha. which IL was 80 unwilling
10 believe. for it has secured copy Of the cir
| cular which gives only portion OF the hhal
proposition rendered by the representative OF
| the Council Of Foreign Bondholders, and yet
| declares il 10 be the "finhl proposal OF the
| English bondhOidoTs." signed by Sir Edward
Thornton ana =. y. bfalthWdlte over thelT own
sign manual
| This committee knows not for what purpose
| partial statement Of the English bondholi 'rs
proposed was published in this morning. pa
pcr ard circulated hy handhilis: bat W. say
| the statement is mi-lcaling aud incorrc'. -
| misleading because from IL could be i..tcrrcd
| that the only annual revenue required by Viz
| ginia 10 pay the interest on her public debt
| would he SC6, ,23l: incorrect because 1t fixes
| the principal Of the debt at the time OF re-
demptiOn al Si1. .Go2, ,S3l when, in fact, from the
! figures Of the representatives. themselves IN
| the conference the principal ~ the time OF re-
demptiOn would amount 20 about s2JODUb
(see their reply Of the - day OF May. 1856, 20
| The subcommittee, whilst the annual Interest
| required Of the State would be f922,j3S.
| These differences result from the omission
| 10 include on the part Of the English comnlis-
| sioncrs In their published statement, all Rid
| dleberger bonds in the hands Of the public
| and those held by the literary fund, anu all
| outstanding peeler bonds and old unfdnded,
which amount 20 a. 237 ,11342. exclusive Of the
| bonds held by the Commissioners Of the sink
| ing Frnd. Board Of Public Works, and those
held by the United States.
To show row inaccurate and misleading the
partial statement ", In contrast with it We
present below the correct result Of the ina
proposition made TO this committee:
[The Dispatch has heretofore published
the facts stated in these tables. The gi>l
Of them all Is in the paragraphs above
Your committee would have unhe.itatiIgly
accepted such proposition as that sugge -ted
in the circular had IL represented the whole
debt. and had the commissioners been author
lied 10 speak for all classes Of the debt.
CHARLES r STTART. Chairman.